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40 US companies on Trump's first China trip aim to make mega trade deals
来源：shippingazette.com 编辑：编辑部 发布：2017/11/03 10:21:22
FORTY companies are to accompany US President Donald Trump on his first presidential mission to China November 8-10 in the hope of signing trade deals, reports Bloomberg.
One of the biggest is a multibillion dollar energy investment from Chinese oil and gas giant China Petroleum & Chemical Corp that stands to bring jobs to Texas and the US Virgin Islands.
Among the companies working on China deals are General Electric, Honeywell, Westinghouse, Alaska Gasline Development, Boeing and Qualcomm.
Other companies, like Cheniere Energy, Terex, Thermo Fisher Scientific, Applied Materials, Caterpillar and Blackstone Group, may have deals in progress.
Not all of the companies are expected to travel with Trump as part of the trade mission. Caterpillar spokeswoman Rachel Potts said the company had not applied to participate.
The Texas Virgin Islands projects have a yet to be finalised, but China's Sinopec is expected to tie up with Boston-based financier ArcLight Capital and Connecticut's commodities trader Freepoint in US$7 billion US investment.
Commerce Secretary Wilbur Ross said the US hoped there would be "very good deliverables" during Trump's visit.
"We are looking forward to a very good session including a lot of American CEOs and we hope there will be some very good deliverables," said Mr Ross.
Relations between the US and China have become strained. In September, the White House blocked the sale of US-based Lattice Semiconductor to a Chinese firm citing national security concerns.
A month earlier, he authorised an investigation into Chinese intellectual property theft. The administration is also weighing penalties on Chinese aluminum foil imports for dumping.
One of the biggest is a multibillion dollar energy investment from Chinese oil and gas giant China Petroleum & Chemical Corp that stands to bring jobs to Texas and the US Virgin Islands.
Among the companies working on China deals are General Electric, Honeywell, Westinghouse, Alaska Gasline Development, Boeing and Qualcomm.
Other companies, like Cheniere Energy, Terex, Thermo Fisher Scientific, Applied Materials, Caterpillar and Blackstone Group, may have deals in progress.
Not all of the companies are expected to travel with Trump as part of the trade mission. Caterpillar spokeswoman Rachel Potts said the company had not applied to participate.
The Texas Virgin Islands projects have a yet to be finalised, but China's Sinopec is expected to tie up with Boston-based financier ArcLight Capital and Connecticut's commodities trader Freepoint in US$7 billion US investment.
Commerce Secretary Wilbur Ross said the US hoped there would be "very good deliverables" during Trump's visit.
"We are looking forward to a very good session including a lot of American CEOs and we hope there will be some very good deliverables," said Mr Ross.
Relations between the US and China have become strained. In September, the White House blocked the sale of US-based Lattice Semiconductor to a Chinese firm citing national security concerns.
A month earlier, he authorised an investigation into Chinese intellectual property theft. The administration is also weighing penalties on Chinese aluminum foil imports for dumping.